Originally posted by Forged
......... Then it was no more than 5%
......... Then it was no more than 15%
......... Cant wait for another 6 months time..............
Hmmm, sound like the fall of junior end of a stock market. Never mind , it just a paper loss, "hopefully" it will go back up. If it doesn't too bad. 2008 GFC also wiped out most of the junior end of town. DOW is all time high, it has been 11 yrs since the last GFC, usually they crash every 7 yrs (1987, 1994, 2001, 2008) the US is having an illusionary growth, stock market is due for massive crash.
But, brick & mortar is tangible, even with 15% correction, you can still live in it. If your "hopeful" scenario of a great depression comes true with 80% housing collapse, you will be out of the job, and your family tax benefits will cease, your missus parental payment will also stop, dole is non-existance as the country is in the state of total financial collpase. How are you going to feed your children?
Forgey porgey c’mon man, stop driving the ‘doomsday’ talk. You keep accusing the bears of scaring people, I think it’s you who keeps trying to scare people.
We all know most of the population will still have jobs no matter what happens to the residential property market. As you keep saying everyone needs to live somewhere, people also need to eat and drink, need goods and services etc etc. that’s what makes up most of the economy not building, buying and selling houses or house prices growth.
